Author: FX
© Reuters. FILE PHOTO: Joachim Nagel, Bundesbank president and European Central Bank policymaker, prepares for an interview at the Jackson Lake Lodge in Jackson Hole, Wyoming, where the Kansas City Fed holds its annual economic symposium, August 24, 2023. REUTERS/An FRANKFURT (Reuters) – The European Central Bank should reduce the amount of interest it pays commercial banks on reserves held with it, Bundesbank President Joachim Nagel said on Friday, and keep open the option of further rate hikes as inflation remains too high. With lenders earning generous profits at the expense of the central bank, some policymakers have called on…
Research shows that having a network of supportive relationships has many advantages including reduced stress, better coping skills, and an overall sense of well-being. For forex traders, support groups are ones who give their time, money, knowledge, or encouragement to help you realize your goals. So, who exactly is in an average trader’s support system? Let’s narrow them down into three groups: Family and friends It’s hard to watch charts for hours if your family keeps asking you to quit your “hobby” and get a “real job.” It’s also hard to talk markets with your friends if their eyes glaze…
Oil Analysis and ChartsOil prices continue to slide on demand worries.The technical outlook remains biased to the downside. Recommended by Nick Cawley How to Trade Oil DailyFX Economic CalendarUS oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price action. After touching a $95/bbl. high on September 28th, US crude hit a multi-month low of $72.22/bbl. on Thursday with today’s marginal move higher seen as short closing ahead of the weekend. A decisive break below the 200-day simple moving average, made on Wednesday, now leaves oil vulnerable…
In the fast-paced world of financial markets, traders are constantly seeking tools and strategies to gain an edge. The TTM Scalper MT4 Indicator has emerged as a powerful ally for traders looking to make informed decisions and optimize their trading strategies. In this article, we will delve into the intricacies of this indicator, exploring its features, benefits, and how to effectively use it in your trading endeavors. Understanding TTM Scalper MT4 Indicator The TTM Scalper MT4 Indicator is a technical analysis tool designed to assist traders in identifying potential trend reversals and market momentum. Developed by John F. Carter, this…
USD/JPY News and AnalysisBroad Japanese Yen strength observed late on Friday as BoJ and currency officials address FX intervention and monetary policy, respectivelyUSD/JPY heads back below 150 but major currencies still on track for another weekly gain vs JPYJapanese government bond yields ease in sympathy with the US, global trendThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryBroad Japanese Yen Strength Observed on FridayComments from the Japanese finance ministry and from Bank of Japan Governor (BoJ) Kazuo Ueda inspired a late comeback in the yen…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, Nasdaq 100 Analysis and ChartsFTSE 100 rallies on softer US and UK inflationA host of large-cap dividend payments on Thursday put the FTSE 100 on the back foot, together with disappointing results from Burberry’s with its share price dropping by over 10%.Early Friday morning UK retail sales slid to their lowest level since the 2021 COVID-19 lockdown, by 0.3% in October 2023, following a downwardly revised fall of 1.1% in September. This did not prevent the FTSE 100 from recovering from Thursday’s low at 7,403. While it holds, the…
Share: The Euro gives away some gains vs. the US Dollar. European stocks open Friday’s session with decent gains. ECB’s Christine Lagarde did not comment on monetary policy. The Euro (EUR) loses some upside momentum against the US Dollar (USD), prompting EUR/USD to trade slightly on the defensive around the 1.0840 zone at the end of the week. The Greenback, on the other side of the equation, exchanges ups with downs around 104.40 when tracked by the USD Index (DXY) amidst the continuation of the downtrend in US yields across the curve, while speculation that the Federal Reserve…
AUD/USD ANALYSIS & TALKING POINTSAustralian jobs market stays strong but not enough to extend AUD upside.US building permits and Fed officials in focus later today.AUD/USD may be in for further downside.Elevate your trading skills and gain a competitive edge. Get your hands on the Australian dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar has slipped back below the 0.6500 psychological handle once more. Yesterday, we saw Australian employment change data beat estimates despite unemployment ticking…
UK retail sales dip 0.3% in October Source link